25,200 Shares in TreeHouse Foods, Inc. (NYSE:THS) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in TreeHouse Foods, Inc. (NYSE:THS) in the 4th quarter, Holdings Channel reports. The fund bought 25,200 shares of the company’s stock, valued at approximately $1,045,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THS. NBC Securities Inc. purchased a new stake in TreeHouse Foods in the 3rd quarter worth approximately $37,000. International Assets Investment Management LLC increased its holdings in TreeHouse Foods by 4,045.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,389 shares of the company’s stock worth $223,000 after acquiring an additional 5,259 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in TreeHouse Foods in the 3rd quarter worth approximately $241,000. MRA Advisory Group purchased a new stake in TreeHouse Foods in the 3rd quarter worth approximately $253,000. Finally, Verdence Capital Advisors LLC boosted its stake in TreeHouse Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock worth $261,000 after purchasing an additional 303 shares during the period. 99.81% of the stock is owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Up 0.1 %

THS stock opened at $36.73 on Thursday. TreeHouse Foods, Inc. has a 1-year low of $34.76 and a 1-year high of $55.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.68 and a beta of 0.35. The business has a 50 day simple moving average of $37.23 and a two-hundred day simple moving average of $39.83.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $924.87 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Research analysts anticipate that TreeHouse Foods, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.67.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.